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A Representative Office |
A Company |
| Scope of operation |
Cannot do commercial activities (no sale generation). |
Can do all businesses which are allowed for foreign investment (most freedom). |
| General requirements to open |
Business address must meet certain requirements, a virtual office is unlikely to be accepted. |
A physical or virtual business address can be used. |
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The parent firm must be at least one-year-old. |
Can be either individual ownership or corporate ownership, single or multiple owners. |
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The parent company’s registered business must be allowed to open an RO. |
Paid-up capital investment required. |
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Can have only one Director called the Chief Representative. |
Can have multiple Directors, but at least one Legal Representative resides in Vietnam. |
